# Element 29 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681 Original source: https://money.tmx.com/en/quote/ECU/news/5919465764562662/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m Publisher: tmx Original announcement: 2026-07-23T12:29:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Drill results - Extracted: 2026-08-24 04:46:08 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Element 29 has reported significant drill results at the Elida Porphyry project in Peru, highlighted by a 1,534.6 m intercept in hole ELID035 grading 0.58% CuEq. This intercept extends mineralization well beyond the current Mineral Resource Estimate limits and demonstrates continuity at depth. Reasoning: The release reports a massive 1,534.6 m intercept in ELID035, extending mineralization significantly beyond the current MRE limits, with grades exceeding project averages. - Positive factor: Step-Out Extension - Positive factor: Long continuous intercept - Positive factor: Grade continuity at depth - Negative factor: True width not disclosed Facts used in scoring: 7 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: ELID035 extends mineralization beyond the limits of the current Mineral Resource Estimate. Evidence · text > beyond the limits of the current Mineral Resource Estimate **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release details the use of ALS Peru, independent laboratory, and insertion of duplicates, blanks, and standards. Evidence · text > The Company is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data reported. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Reported intercepts represent downhole lengths; true widths are not known at this time. Evidence · text > Reported intercepts represent downhole lengths; true widths are not known at this time. ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-0) Elida · copper #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 0.34 - Grade Unit: % - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: 1,534.6 m intercept is the longest drilled to date at the project, extending beyond the MRE. - Positive factor: Long intercept Evidence · text > ELID035 intersected 1,534.6 metres \("m"\) grading 0.58% CuEq 2 \(0.34% Cu, 0.064% Mo, and 2.56 g/t Ag\) ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-1) Elida · molybdenum #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 0.064 - Grade Unit: % - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Part of a massive continuous intercept. Evidence · text > 0.064% Mo ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-2) Elida · silver #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 2.56 - Grade Unit: g/t - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Part of a massive continuous intercept. Evidence · text > 2.56 g/t Ag ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-3) Elida · copper #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 0.5 - Grade Unit: % - Intercept: 87.5 m - From: 244 m - To: 331.5 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:244.0-331.5 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: High grade sub-interval within the main intercept. Evidence · text > 87.5 m grading 0.67% CuEq 2 \(0.50% Cu, 0.050% Mo, and 5.13 g/t Ag\) ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-4) Elida · molybdenum #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 0.05 - Grade Unit: % - Intercept: 87.5 m - From: 244 m - To: 331.5 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:244.0-331.5 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Sub-interval component. Evidence · text > 0.050% Mo ### ELID035 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-5) Elida · silver #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 5.13 - Grade Unit: g/t - Intercept: 87.5 m - From: 244 m - To: 331.5 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Group ID: ELID035:244.0-331.5 - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Sub-interval component. Evidence · text > 5.13 g/t Ag ### ELID042 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--2c5a4b6d-c8ce-4e67-9afe-2ba0bd7cb681#fact-drill-facts-6) Elida · copper #### Identity - Hole ID: ELID042 - Project: Elida - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: ECU #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 805.8 m - From: 123.7 m - To: 929.5 m #### Classification - Deposit Type: porphyry - Sample Type: drill - Mining Method: open\_pit #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Extends mineralization 500m beyond current pit shell. - Positive factor: Step-Out Extension Evidence · text > ELID042 ... returned 805.8 m grading 0.36% CuEq 2 \(0.28% Cu, 0.023% Mo, and 3.68 g/t Ag\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.